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Life Income Gifts - Charitable Gift Annuity |
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Page 2 of 4 Charitable Gift Annuity - Donate a minimum of $5,000 and receive fixed quarterly payments guaranteed for the rest of your life.
- Rate of payment is based on your age.
- Good to fund with appreciated stock.
- Your congregation and/or the UUA receive the fair market value of what remains of your gift when you die.
- On average UUA Gift Annuities retain 95% of the original gift amount.
Sample Charitable Gift Annuity Donor - Donor age 74 gives $10,000 of appreciated stock, with a cost basis of $5,000. Payments to one person.
- Fixed Rate of 6.9%
- Charitable Deduction of 43.88%
- Avoid some of the Capital Gains Tax on the Stock
Sample Charitable Gift Annuity Donor | Value of Gift | $10,000.00 | | Charitable Deduction | $4,387.60 | | Fixed Annual Income | $690.00 | | Tax-free Portion | $214.24 | | Capital Gain Income | $214.25 | | Ordinary Income | $261.51 | Gift Annuity Rates – Single Life Suggested by the American Council on Gift Annuities Effective July 1, 2004 Gift Annuity Rates | Age | Rate | Age | Rate | Age | Rate | | 67 | 6.2 % | 75 | 7.1 % | 83 | 8.8 % | | 68 | 6.3 % | 76 | 7.2 % | 84 | 9.2 % | | 69 | 6.4 % | 77 | 7.4 % | 85 | 9.5 % | | 70 | 6.5 % | 78 | 7.6 % | 86 | 9.9 % | | 71 | 6.6 % | 79 | 7.8 % | 87 | 10.2 % | | 72 | 6.7 % | 80 | 8.0 % | 88 | 10.6 % | | 73 | 6.8 % | 81 | 8.3 % | 89 | 11.0 % | | 74 | 6.9 % | 82 | 8.5 % | 90+ | 11.3 % | Charitable Gift Annuity - Fixed payments
- Payments to 1 or 2 people
- Minimum donation $5,000
- New contract and rate for each gift
- Receive an immediate charitable deduction
- Avoid most capital gains on the stock used to fund gift
- Fair market value of what remains (averaging 95% of the donation) goes to the UU entities named by donors.
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